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20100902
20100902
Search Results 0 to 5 of about 6 (some duplicates have been removed)
more buyers in the u.s. last month. sales rose 15% as it continues to see its american business grow. i went today to a mercedes dealership in union, new jersey, to find out what's driving those robust sales. it's an alphabet of success stories. "c" class, "e" class, "s" class, and even the s.l.s. no matter which mercedes it is, consumers are driving off with these luxury sedans. sales of the new e-class models are up 71% so far this year, and-- for all mercedes vehicles sold in the u.s.-- up more than 22%. the c.e.o. of mercedes u.s.a. expects business for the german automaker will stay in the fast lane. >> i think we'll be able to keep that pace. we were hoping for a little bit of an increase, but we're happy if it stays on that level. there is a good chance it will. but we'll have to wait and see what september brings. >> susie: ernst, in this type economy, how is it consumers can buy a new car, let alone a mercedes. >> i think a lot of people are at the point where they do need a new car. they're hesitant, but they need it, and they're looking around and looking for good value and n
by wpbt >> tom: good evening, and thanks for joining us. ben bernanke said today it's a myth that lehman brothers could have been saved, perhaps preventing the financial crisis. susie, the fed chairman also says he's partly to blame for creating that myth. >> susie: tom, bernanke was the star witness on capitol hill today, answering questions from the financial crisis inquiry commission. the committee was commissioned by congress to figure out why lehman failed, and to answer the bigger question of what caused the financial crisis. >> tom: bernanke's testimony was a look at the lessons learned from the crisis and a look at how to prevent another one in the future. darren gersh reports. >> reporter: speaking to the financial crisis inquiry commission, federal reserve chairman ben bernanke admitted he thought lehman brothers was not merely facing a cash crunch when it failed. he thought the firm was very likely insolvent, a fancy way of saying it couldn't pay its debts. but in 2008, bernanke chose not to share that thought with congress. >> it was a judgment at that moment, with the system
Search Results 0 to 5 of about 6 (some duplicates have been removed)